Impact of COVID – 19 on Small – Scale Business & Entrepreneurs

Abstract

The discovery of the coronavirus and the spread of COVID-19 have led many governments to take drastic measures. The lockdown of large parts of society and economic life has come as abiological disease shock to the economy, not least innovative startups. The misfortune startups face during a crisis and how by utilizing available resources and things, and the analysis of policy measures can serve as an inspiration to design support vision of future crises.The spread of the new COVID – 19 virus threatens the existence of many innovative startups. First this research illustrates the challenges entrepreneurs face as a consequence of the crisis. Secondly, illustratedhow entrepreneursthey deal with the effects of the crisis and what they are doing to protect their ventures. Finally, this paperhas presented the measures that could be utilized by the people who are all involved in formulating policies to assist and advice entrepreneurs in facing challenges. Therefore, policy measures should not only provide first aid to startups by suffering the pressure caused by controlled cash flow. The researcher uses the descriptive research design and adopted the convenience sampling method. The sample size is 114 and analysis was done based on data collected from the questionnaire. The tools used for analysis are Percentage analysis, Regression analysis, Chi-square and Wilcoxon signed rank test.Each objective of the study was given due care and tables were arranged accordingly